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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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<blockquote data-quote="nickf2005" data-source="post: 16529147" data-attributes="member: 136350"><p>Ditto [USER=47466]@ford fanatic[/USER]</p><p></p><p>From the day she got licensed and starting working (a couple months after we got married), my wife has handled the finances. A couple years after we were married, she "got educated" on the Ramsey steps and set out to get us out of debt, establish a healthy cash reserve, and set up hefty contributions to our 401k. The basics of Dave's program. There's other ways to skin that cat, but his ideology is far from trash.</p><p></p><p>She is the bread winner of our household and I trust her more than anything (even myself) to save/spend/invest in helping us achieve our financial goals. A prime example is that woman will order cheese on the side with an Arby's roast beef because it's cheaper than a Beef n' Cheddar... That's not typical from someone (again, not even myself) in a 200k/year household.</p><p></p><p>As I said before, we only have the mortgage with 3 vehicles and a tractor owned outright, all student debt eliminated within 2 years of graduating, and no CC debt (we don't even have a CC), and an E-fund that would cover us for 6+months. </p><p></p><p>She has us on a path to have our house paid off by time we're 42 and our boy will have enough money in a 529 to go to any sub-40k/year college, if he chooses (come on trade school; Daddy wants a shiny new pair of shoes!) </p><p></p><p>Our current investment path has us tracking to have $4M+ at retirement age, not including any additional investing/saving once the mortgage is paid off.</p><p></p><p>I lay this all out to explain why my belief is it's less man vs. woman on who should handle finances. It comes down to who is more disciplined and will put the effort into stay on top of things. We would not be in our position now if I was handling everything 100%.</p><p></p><p>Don't get me wrong, a lot has to continue to go right for us to realize this plan/dream. As a prime example, the OP was doing everything right, but there will be some bumps in the road.</p><p></p><p>Sent from my SM-G975U using the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="nickf2005, post: 16529147, member: 136350"] Ditto [USER=47466]@ford fanatic[/USER] From the day she got licensed and starting working (a couple months after we got married), my wife has handled the finances. A couple years after we were married, she "got educated" on the Ramsey steps and set out to get us out of debt, establish a healthy cash reserve, and set up hefty contributions to our 401k. The basics of Dave's program. There's other ways to skin that cat, but his ideology is far from trash. She is the bread winner of our household and I trust her more than anything (even myself) to save/spend/invest in helping us achieve our financial goals. A prime example is that woman will order cheese on the side with an Arby's roast beef because it's cheaper than a Beef n' Cheddar... That's not typical from someone (again, not even myself) in a 200k/year household. As I said before, we only have the mortgage with 3 vehicles and a tractor owned outright, all student debt eliminated within 2 years of graduating, and no CC debt (we don't even have a CC), and an E-fund that would cover us for 6+months. She has us on a path to have our house paid off by time we're 42 and our boy will have enough money in a 529 to go to any sub-40k/year college, if he chooses (come on trade school; Daddy wants a shiny new pair of shoes!) Our current investment path has us tracking to have $4M+ at retirement age, not including any additional investing/saving once the mortgage is paid off. I lay this all out to explain why my belief is it's less man vs. woman on who should handle finances. It comes down to who is more disciplined and will put the effort into stay on top of things. We would not be in our position now if I was handling everything 100%. Don't get me wrong, a lot has to continue to go right for us to realize this plan/dream. As a prime example, the OP was doing everything right, but there will be some bumps in the road. Sent from my SM-G975U using the [URL=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/URL] [/QUOTE]
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